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Financial Habits For Success:  In their paper on financial planning in the Journal of Economics in 2003, Ameriks et al. posed the question of how households that begin with a similar level of wealth and income tend to diverge over time, with some becoming wealthier, while others did not. A leading indicator for future wealth was “propensity to plan,”
Maintaining a sensible budget is about more than just limiting your spending. After all, there will be times in your life when you’ll be able to spend more and save money easily, just as there will be times when saving will be a struggle every month. In a way, your money habits are no different from your eating habits,
Mastering personal finance demands more than just maintaining a budget. Once you’re saving more than you make, and you have a comfortable emergency fund, you’ll need to start thinking about how to maintain and grow your wealth. Even though inflation may now be under control, we’ve still seen a period of relatively high inflation, that left the salaries of
4 hours and 49 minutes – that is how much time the average American spends watching TV per day. Live TV accounts for 2 hours 53 minutes, time-shifted TV for 34 minutes, and on-demand streaming for 1 hour 22 minutes. That’s according to a report from Nielsen, a global data measurement firm.  According to their findings, 82% of viewers
Our customers at BudgetBakers are, we feel confident in saying: very disciplined in their personal finances. And yet, there are some budgeting failure scenarios that are almost impossible to avoid. This will be a light hearted post about 11 of those budgeting fails. Plus some budgeting pro tips. Ever done an epic fail of budgeting? You’re not alone! Let’s
This summer I’m invited to a wedding. A good friend of mine is getting married to her longtime boyfriend. For the ceremony, the couple has chosen a beautiful small village in the southwest of Switzerland, close to where they live.  So lately I’ve been busy trying to find the perfect wedding gift for the bride and groom. That’s when
Rising oil prices and the demand for more climate-friendly transportation are fueling many people’s desire for an electric car. Wondering under what conditions it’s worth switching? Take a look at the overall comparison of electric cars vs gas cars. We have analyzed a 2021 Tesla Model 3 and a 2021 Jaguar XF IC vehicle for you and can give
Inflation is growing, and that’s not good news for your pocket money. But what is inflation, and what can you do to combat its effects?
You’re probably spending more than you expect on monthly subscriptions. Here’s how to trim the fat painlessly.
The world is getting warmer, and extreme weather events are becoming more common. Some believe that we may already be too late to avoid catastrophic consequences of human activity driven climate change. Too often we are told that climate change depends on our personal actions. However this is far from the whole truth. The majority of anthropogenic CO2 and
Your budget, just like any other part of your busy life, deserves a spring cleaning. That’s why last time we shared 5 Tips on how to spring clean your budget. Now we’re back with 6 more tips on budget spring cleaning. Think we’re missing a good budgeting tip? Give us a shout on Twitter or Facebook.   Stack Your
While global climate change may be confusing the birds and the trees this year, it is still technically spring across the Northern Hemisphere (sorry Australia!). It’s time to clean up your budget! A new year, a new pile of bills you may want to look into. Most of us collect at least a few unwanted services here and there
Taking a year off to travel is a dream for many of us. And, it is only common that we hit the farthest place from home when we set out on such an adventure. Mia Zaccardo, a policy officer from Adelaide, and her partner, Ben, had travelled to a fair share of places outside of Australia. But everyone they
TL;DR: Tracking helps you identify spending patterns and unearth much deeper issues with your finances than you can imagine. Learn why it is important to track to bring order to your finances. Tracking expenses is boring, monotonous and takes all the time in this world. Is this how you feel? Or, have you tracked your expenses at some point
Most of us have debts. In fact, studies have shown that almost 33% of Americans are drowning in debt. And, the most common question that those who are in debt ask is, “What should I do first? Should I pay my debt off or should I save?” Your parents may have taught you to pay back every penny you

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